Solucorp Industries (CE) (USOTC:SLUP)
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Solucorp Industries, Ltd. (OTC:SLUP) announced that it has received a
letter of commendation from Syndial S.p.A. for outstanding environmental
land remediation work performed at the Ponticelle, Ravenna site in
Ravenna, Italy. Solucorp completed the $5 million reclamation project at
the Ponticelle site in 2006. The Director of the project for Syndial, a
member of the ENI Group (http://www.eni.it/home/home_en.html),
sent a letter commending Solucorp’s excellent
work. The letter states that, “The project has
been completed with success, noting that results have surpassed the 17
day cession test prescribed by the local Italian Environmental Control
Agencies.” The letter goes on to inform, “That
thanks to the MBS (Molecular Bonding System) technology 85% of the
material treated on the property has already been reused on site.”
The remaining 15% remains clean and ready for use. “This
operation was successfully completed thanks to the MBS technology and ‘know
how’ of Solucorp along with the engineering
skills of Syndial in the successful implementation of Solucorp’s
first Italian use of MBS technology.” The
letter also states that, “Solucorp will be
inserted in Syndial’s list of qualified
suppliers and it will be therefore possible for Solucorp to enter into
competitions for new operations of reclamation of contaminated
industrial sites” owned by the ENI Group.
On Sunday, February 11, 2007, an article was published in the Ravenna
Cronaca, a newspaper in Ravenna, Italy, which told the story of the
reclamation of the Ravenna, Ponticelle site and the fact that it was the
first use of patented MBS technology in Italy. The article was prefaced
by the statement “The area Ca` Ponticelle is
recleaned by an innovative American Technology”
and goes on to describe how the MBS technology which is described at
length in the U.S. Environmental Protection Agency SuperfundInnovative
Technology (SITE) Program (www.epa.gov)
has stabilized the contaminated soil, impeding harmful affluents from
spreading to the valleys and sea. The contaminated site was under the
control of ARPA (http://www.arpa.emr.it/pubblicazioni/generale/generale_149.asp),
the Italian Environmental regulatory agency. “Costs
of the project were reduced 60% by Solucorp’s
technology” allowing the soil to be reused on
the site, which lowered operating costs and eliminated the added cost of
trucking and dumping the treated material. The reclaimed land will now
be used by the municipal government, for example, in a terminal for
logistical connection to the port of Ravenna as planned. This project
culminates a six-year quest to clean up the toxic land by the citizens
of Ravenna. The agreements for the clean up were initiated by the former
Mayor of Ravenna. The article goes on to say that Solucorp has captured
the interest of local companies for the treatment of incinerator ash and
the recovery of contaminated lands throughout Italy. A second site,
Polimeri, where inactive chemical plants are being disassembled, is
currently being evaluated by Syndial for cleanup with the proven MBS
technology.
Richard A. Runco, President of Solucorp Industries, Ltd., stated, “This
glowing endorsement by Syndial, a part of ENI Group, culminates several
years of working with the Italian company to achieve this great success.
The remediated site at Ravenna has been visited by many Italian
environmental companies, regulatory bodies, political personnel and
engineers involved in contaminated soil reclamation. Solucorp presently
is in various stages of negotiations with several companies for
reclamation projects, including the Marghera, Venice project, which is
one of the largest clean up projects in the country of Italy.”
Solucorp also announced it has signed a Joint Venture Agreement with
So.Ing Strutture & Ambiente S.r.l., an Environmental Engineering Company
of Livorno, Italy that performs geophysical testing of contaminated
sites worldwide. So.Ing gives Solucorp the ability to have sites
geophysically analyzed, which greatly reduces the cost of traditional
analysis methodology. Solucorp is in the process of testing and also
negotiating contracts with some of the highest regarded Italian
companies in the environmental field to spread its patented MBS
technology throughout not only Italy but all of Europe. Solucorp has
already completed the Ravenna, Ponticelle project working with
Snamprogetti, one of the largest environmental engineering companies in
Italy.
About Solucorp Industries, Ltd.
Solucorp Industries, Ltd., is a provider and developer of cost effective
and permanent technologies for the remediation and prevention of
hazardous heavy metal (including lead, mercury, arsenic, chromium,
copper, zinc, nickel, selenium and cadmium) contamination. Solucorp is
the owner of several patents and numerous additional patents that are
pending. Solucorp Industries, Ltd., has three wholly owned subsidiaries:
Solucorp Industries, Integrated Fixation System Company, Inc., and WITS,
Inc.
Forward-Looking Comments
In accordance with the Safe Harbor provisions of the Private Securities
Litigation Reform Act of 1955, Solucorp cautions that statements in this
press release, which are forward-looking and provided other than
historical information, involve risks and uncertainties. Although we
believe that the expectations reflected in those forward-looking
statements are reasonable, we can give no assurance that those
expectations will prove to have been correct. Those statements are made
by using various underlying assumptions and are subject to numerous
uncertainties and risks, including, but not limited to, risks that the
technology may not produce the expected results or that its commercial
application may not be economically feasible.